SHREVEPORT, LA. — Toledo, Ohio-based Libbey Inc., a glass tableware manufacturer, has plans to invest $20 million in the firm’s manufacturing site in Shreveport. The investment is expected to generate 70 new direct jobs and 70 indirect jobs, according to Louisiana Economic Development. The investment is expected to focus on glassmaking research and development. Libbey will also retail 511 existing jobs in Shreveport.
Southeast
MIAMI BEACH, FLA. — Marcus & Millichap has arranged the sale of an 8,322-square-foot retail fashion store at 736 Collins Ave., located between Seventh and Eighth streets in Miami Beach’s South Beach neighborhood. The asset, currently net leased to Guess? Inc., sold for approximately $12.5 million, or $1,499 per square foot. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office represented the seller, a Miami-based real estate owner and developer, in the transaction. Kristol and Olson also represented the buyer, an institutional investment group.
CHAPEL HILL, N.C. — Madison Marquette Retail Services has signed a 52,500-square-foot lease with Silverspot Cinema for a new movie theater at University Mall. The mall is the only enclosed regional shopping center in Chapel Hill and is going under a redevelopment plan involving the addition of the theater, a high-end sporting goods store and a new fine dining option. Silverspot at University Mall will be the fifth domestic location for the company, a division of South American theater company Cines Unidos.
GREENWOOD, S.C. — NAI Avant has brokered the sale of the historic Inn on the Square, a 48-room hotel located at 104 E. Court St. in Greenwood. The buyer plans to reopen the 34,982-square-foot property after renovations. Cam Kreps and Nick Stomski of NAI Avant represented the seller in the transaction.
CALIFORNIA, MD. — Scheer Partners has signed with SJS-Wildewood S.C. LP to manage Wildwood Shopping Center, a 289,000-square-foot shopping center located in California, Md. The shopping center’s tenants include J.C. Penney, Belk, Bed Bath & Beyond and Sear’s Appliances. Bed Bath & Beyond, set to open in spring 2014, brought the shopping center to 95 percent occupancy. Marc Schlesinger and Charlotte Cassell of Scheer Partners are responsible for managing the property’s day-to-day activities.
NEW ORLEANS — HRI Properties has selected Roy Anderson Corp., a subsidiary of Tutor Perini Corp., to build the 225 Baronne mixed-use development project in New Orleans. The contract for the development is valued at $61.3 million. The development involves the conversion of an existing 31-story office building into an apartment project, hotel and public parking garage. The new development will feature on-site property management services, a fitness center, roof-top swimming pools and covered bicycle parking. The project will also include the demolition of the 919 Gravier Building. Roy Anderson Corp. will break ground on the project this month and will wrap up construction in December 2014.
ORLANDO, FLA. — CBRE has arranged the sale of an apartment portfolio totaling 1,596 units in Central Florida. The properties included in the transaction are Wingwood, Sky Pines and Branchwood in Orlando; Applewood in Deland; Oak Shade in Orange City; Nova Glen, Nova Wood, Countryside and Volusia Crossing in Daytona Beach; and Kings Crossing, Stonewood and Pelican Pointe in Jacksonville. Shelton Granade, Luke Wickham and Justin Basquill of CBRE’s Orlando office, along with Brian Moulder and Dhaval Patel of CBRE’s Jacksonville office, represented the seller in the transaction. All 12 apartment communities sold to an Atlanta-based multifamily owner and operator.
BALTIMORE — NexCore Group LP, a national healthcare real estate developer, has completed a $24 million outpatient facility in Baltimore. The facility, the Angelos Medical Pavilion, is located on the campus of Saint Agnes Hospital, which recently underwent a $200 million renovation and expansion. The four-story, 85,800-square-foot Angelos Medical Pavilion is part of the campus expansion. The new facility houses physician office space, clinic space and hospital programs such as the Saint Agnes Cancer Institute and the Saint Agnes Cardiovascular Institute.
NEWPORT NEWS, VA. — Brookridge Apartments LLC has purchased the 553-unit Brookridge Apartments, located at 614 Peninsula Drive in Newport News, for $17.6 million. Alan Meetze and David Hudgins of Drucker & Falk represented the seller in the transaction. The townhouse-style community, built in 1950, is about 89 percent occupied, according to Meetze.
MIAMI — The Hogan Group has arranged a lease for Airbus Americas for 9,000 square feet of office space in Waterford at Blue Lagoon, a Class A, waterfront corporate office park located near Miami International Airport. The office is located in the nine-story 5201 Waterford building. Steve Smith of The Hogan Group represented the landlord, TIAA-CREF, in the lease deal. Catarina Jimenez of Jones Lang LaSalle represented Airbus Americas. With the transaction, Waterford at Blue Lagoon is 93 percent leased.